The impending shutdown of a New York City subway line is clobbering rents in parts of Brooklyn

Sarah Jacobs/Business Insider

• Rents in North Brooklyn are falling more than a year before the L train is set to shut down between Brooklyn and Manhattan, according to StreetEasy.
• That creates a bargain for people who are willing to make the trade-off for a longer commute.
• Sales prices aren’t falling. But it’s taking longer for houses to move off the market.

The impending L-train shutdown is a bargain or a curse, depending on how much of a hellish commute New Yorkers are willing to endure.

Starting in April 2019, the tunnel through which the L train runs between Manhattan and Brooklyn is scheduled to be closed for 15 months to repair damage caused by Hurricane Sandy in 2012.

See the rest of the story at Business Insider

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